Global fundies chase MB Fund into deflation trade

Suddenly, the monthly BofA fundies survey is like rereading MB Fund output for the past three months:

Bottom line: investors much less bullish on growth, profits &yield curve steepening, have unwound junk>quality, small>large, value>growth trades back to Oct’20 levels (pre-vaccine/election), but maintain big longs in stocks (back to tech) & commodities.

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